Jack Mallers Dismisses Ethereum’s Potential to Outpace Bitcoin

Bitcoin-focused payment service founder Jack Mallers has issued a firm dismissal of Ethereum’s potential to surpass Bitcoin, stating it’s simply not possible due to fundamental differences in their purposes and economic underpinnings. Mallers asserted that Bitcoin represents a robust global financial network with a market capitalization projected to reach $500 trillion, while Ethereum primarily serves as a technological tool, resembling more a tech company than a currency. 💰 He emphasized the inherent limitations of Ethereum’s pre-mined supply compared to Bitcoin’s proof-of-work system. This discrepancy, according to Mallers, undermines its neutrality and hinders its potential as a true commodity.